Question
For each of the following preference statements say if it is ordinal, and if it can be supported by choice behavior. (a) I enjoy not
For each of the following preference statements say if it is ordinal, and if it can be supported by choice behavior.
(a) "I enjoy not one but two glasses of water after a work out". [4 points]
(b) "I enjoy the second glass but I don't enjoy it as much as the first". [4 points]
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Managerial Economics
Authors: Mark Hirschey
14th edition
9781473709263, 1473709261, 1473717343, 1473717345, 978-1305506381
